Stock Rating Upgrade
During the last several trading days the Value Trend Rating for First Bank (NASDAQ: FRBA) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
First Bank (NASDAQ: FRBA) stock closed at $15.22 on 9/13/24 after a large increase of 3.3%. However, unusually low trading volume at 53% of normal accompanied the advance. The stock has risen 1.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FRBA is expected to continue to be a modest Value Builder.
First Bank has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. First Bank has a neutral Power Rating of 55 but a good Appreciation Score of 80, with the Positive Value Trend Rating the result.
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